Quarterly report pursuant to Section 13 or 15(d)

NOTE 12 - SEGMENTS

v3.2.0.727
NOTE 12 - SEGMENTS
 6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
NOTE 12 - SEGMENTS

NOTE 12 - SEGMENTS

 

The Company follows paragraph 280 of the FASB Accounting Standards Codification for disclosures about segment reporting. This Statement requires companies to report information about operating segments in interim and annual financial statements. It also requires segment disclosures about products and services, geographic areas, and major customers.

 

2015            
    Worlds Online   MariMed   Total
             
Revenues   693   150,054   150,747
                         
Cost of sales     6,400       135,160       141,560  
                         
Gross profit/(Loss)   $ (5,707)     $ 14,894     $ 9,187  
                         
Expenses     346,923       392,363       739,286  
                         
Net (Loss)   $ (352,630 )   $ (377,469 )   $ (730,099 )
                         

 

2014                        
                         
      Worlds Online       MariMed       Total  
                         
Revenues     444       —         444  
                         
Cost of sales     4,900       —         4,900  
                         
Gross (loss)   $ (4,456)     $ —       $ (4,456)  
                         
Expenses     252,732       —         252,732  
                         
Net (Loss)   $ (257,188 )   $ —       $ (257,188 )